Solve various time value of money scenarios. (Click the icon to view the scenarios.) (Click the icon to view the present value of $1 table.) (Click the icon to view the future value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) (Click the icon to view the future value of annuity of $1 table.) Scenario 1. Irving just hit the jackpot in Las Vegas and won $40,000! If he invests it now, at a 10% interest rate, how much will it be worth in 15 years? (Round your answer to the nearest whole dollar.) Future value More info 1. Irving just hit the jackpot in Las Vegas and won $40,000! If he invests it now, at a 10% interest rate, how much will it be worth in 15 years? 2. Jack would like to have $2,000,000 saved by the time he retires in 30 years. How much does he need to invest now at a 12% interest rate to fund his retirement goal? 3. Assume that Maria accumulates savings of $1.5 million by the time she retires. If she invests this savings at 12%, how much money will she be able to withdraw at the end of each year for twenty years? 4. Donna plans to invest $3,000 at the end of each year for the next eight years. Assuming a 10% interest rate, what will her investment be worth eight years from now? 5. Assuming a 10% interest rate, how much would Rebecca have to invest now to be able to withdraw $14,000 at the end of every year for the next ten years? 6. Earl is considering a capital investment that costs $525,000 and will provide the following net cash inflows: Net Cash Inflow Year Year 1 ... $308,000 Year 2 ... $206,000 Year 3 ... $102,000 Using a hurdle rate of 10%, find the NPV of the investment. 7. What is the IRR of the capital investment described in Question 6?